About The Loonie Adventures of a Forex Noob

“Huck loves her bucks!” I always say. The problem, of course, is how to make those bucks!! In this blog, I'll be posting my adventures as I traverse the forex world, while trying to catch some pips along the way. To do this, I will make use of classical charting methods as well as develop my own mechanical system. Not only will I talk about FX, but I'll also share how my day went along with any currency trade updates. Hopefully, by the end of this tale, I'll be able to achieve my goal of becoming a consistently profitable foreign exchange trader.

HLHB System Update (April 14 – 18, 2014)

EUR/USD

EUR/USD HLHB System Forex Chart

EUR/USD ranged tightly throughout the week so I didn’t really have much hope for the HLHB Trend-Catcher System. The system registered two losing trades before it successfully filtered out fakeouts later in the week. Unfortunately, we didn’t see any winning trades this time as we ended with a 49-pip loss. Not too bad, I think.

TOTAL

#

Signal

Open

Close

Pips

Notes

1

Buy

1.3826

1.3808

-18

New crossover

2

Sell

1.3808

1.3839

-31

New crossover

3

Buy

1.3839

1.3839

0

RSI was already above 50

4

Sell

1.3835

1.3835

0

RSI was already below 50

5

Sell

1.3815

1.3815

0

RSI was already below 50

TOTAL

-49

GBP/USD

GBP/USD HLHB System Forex Chart

Unlike in EUR/USD, GBP/USD showed a bit of volatility throughout the week. The system caught a nice 77-pip winner that helped end the week with an 88-pip winner. Woohoo!

More from our Blogs

Let's end this week's intraday charts update by checking up on our old setups for USD/CHF and CAD/CHF. Of course, we'll be looking for fresh setups as well. In addition, I've also got a new channel pattern for GBP/NZD. ...